Metropolitan Bank & Trust (Metrobank) is a universal bank in the Philippines, offering retail, corporate, and investment banking services, as well as trust and asset management.
Sector: Banks
PH_MBT
Shares: connector/market_inputs
Monetary columns are in B PHP, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | Net interest incomeB PHP | Net profitB PHP | AssetsB PHP | EquityB PHP | ROE (annualized) | Source |
|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | Q2 2026 (3M) | OK | 41.1 y/y 13.3% | 12.4 y/y -1.5% | 3917.9 y/y 12.7% | 420.3 y/y 4.6% | 12.0% | Link |
| 2026-03-31 | Q1 2026 (3M) | OK | 40.5 y/y 6.4% | 12.8 y/y 2.4% | 3764.5 y/y 8.3% | 407.0 y/y 4.8% | 12.2% | Link |
| 2025-12-31 | Q4 2025 (3M) | OK | 40.9 y/y 32.4% | 12.7 y/y 2.1% | 3880.3 y/y 10.2% | 432.2 y/y 9.0% | 11.9% | Link |
| 2025-09-30 | Q3 2025 (3M) | OK | 39.6 y/y 6.0% | 12.4 y/y 2.5% | 3633.0 y/y 8.9% | 419.1 y/y 7.2% | 4.0% | Link |
| 2025-06-30 | Q2 2025 (3M) | OK | 36.3 y/y 6.0% | 12.6 y/y 8.5% | 3477.5 y/y 6.0% | 402.0 y/y 10.0% | 12.7% | Link |
| 2025-03-31 | Q1 2025 (3M) | OK | 38.1 y/y 9.6% | 12.5 y/y 4.3% | 3475.2 y/y 9.1% | 388.3 y/y 9.1% | 12.8% | Link |
| 2024-12-31 | Q4 2024 (3M) | OK | 30.9 y/y — | 12.4 y/y — | 3520.4 y/y — | 396.4 y/y — | 12.5% | Link |
| 2024-09-30 | Q3 2024 (3M) | OK | 37.3 y/y 15.2% | 12.1 y/y 11.4% | 3335.1 y/y 12.8% | 390.8 y/y 11.0% | 4.3% | Link |
| 2024-06-30 | Q2 2024 (3M) | OK | 34.2 y/y 12.7% | 11.6 y/y 11.4% | 3280.2 y/y 14.5% | 365.5 y/y 7.6% | 12.9% | Link |
| 2024-03-31 | Q1 2024 (3M) | OK | 34.7 y/y — | 12.0 y/y — | 3186.2 y/y — | 355.9 y/y — | 13.3% | Link |
| 2023-12-31 | Q4 2023 (3M) | OK | 31.6 y/y — | 10.5 y/y — | 3104.9 y/y — | 366.7 y/y — | 11.6% | Link |
| 2023-09-30 | Q3 2023 (3M) | OK | 32.4 y/y — | 10.9 y/y — | 2957.0 y/y — | 352.1 y/y — | 4.2% | Link |
| 2023-06-30 | Q2 2023 (3M) | OK | 30.4 y/y — | 10.4 y/y — | 2863.8 y/y — | 339.6 y/y — | — | Link |
Our earnings breakdowns and investment notes on this issuer.
Group: Banks. Each peer is shown as it trades and re-priced onto this company's market (Philippines) by the ratio of our coverage medians.
| Company | Market | Cap, $bn | P/E | P/E, adjusted |
|---|---|---|---|---|
| State Bank of India | India | 93.2 | 10.3x | 2.3x |
| Emirates NBD | UAE | 51.7 | 7.8x | 2.9x |
| Grupo Financiero Banorte | Mexico | 31.9 | 10.1x | 3.3x |
| HDFC Bank | India | 111.5 | 15.1x | 3.4x |
| Abu Dhabi Commercial Bank | UAE | 36.3 | 9.8x | 3.6x |
| First Abu Dhabi Bank | UAE | 57.9 | 10.0x | 3.7x |
| ICICI Bank | India | 105.2 | 17.0x | 3.8x |
| KB Financial Group | Korea | 39.3 | 8.3x | 4.5x |
| Bank Central Asia | Indonesia | 33.5 | 10.5x | 8.3x |
| Royal Bank of Canada | Canada | 281.0 | 19.4x | — |
| Mitsubishi UFJ Financial Group | Japan | 240.9 | 14.1x | — |
| Bank of Nova Scotia | Canada | 114.8 | 20.7x | — |
| Group median | 10.4x | 3.6x | ||
| Group average | 12.7x | 4.0x | ||
| This company | Philippines | 4.4 | 5.4x | 5.4x |
Group median 10.4x as traded, 3.6x adjusted; this company 5.4x — a 51% premium.
Group average 12.7x as traded, 4.0x adjusted; against the average this company is at a 37% premium.
At the adjusted group median the market cap would be -34% versus today.
The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 29.1x, Russia 6.1x, South Africa 11.3x, Kazakhstan 9.3x, India 25.1x, Indonesia 7.1x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-10-27; the company's own is live.
No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).
Investor reporting (IR): https://www.metrobank.com.ph/investor-relations/annual-reports
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B), profitability and dividend yield of Metropolitan Bank & Trust (Metrobank) (MBT) — from primary filings.
See also: Philippine Stocks (2026): Where the Value Really Is (and the Traps) · The Cheapest Bank Stocks in the World (2026): Where Global Banks Trade Below Book · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map